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Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
 This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling only once every seven years.
Lloyd’s Register, one of the societies that set safety standards for shipbuilding, has started to rewrite its rules for nuclear-powered ships.
And it has joined a research consortium to explore the potential for nuclear propulsion of future generations of supertankers up to 150,000 tonnes.
It is confident that within a decade nuclear reactors the size of a garden shed will be propelling huge tankers at up to 35 knots, double the present average cruising speeds.
‘This is a very exciting project,’ said Lloyd’s Register chief executive Richard Sadler. ‘We believe that as society recognises the limited choices available in the low carbon, oil-scarce economy – and as land based nuclear plants become commonplace – we will see nuclear ships sooner than many people expect.’
The first step is to fit reactors made by US company Hyperion Power Generation, based near the nuclear research facility in Los Alamos, New Mexico, in conventional supertankers.
Greek shipping company, Enterprises Shipping and Trading of Athens is part of the consortium and with the help of renowned ship designer BMT Nigel Gee of Southampton, the plan is to design and build modular ships that would enable the cargo section to be detached and towed into harbour while the nuclear ‘mothership’ anchored offshore.
The impetus for this push into carbon-free propulsion comes from the recognition that shipping is environmentally dirty – marine engines use ‘bunker’ fuel, the low grade oil other industries do not want.
Fear is also growing that new rules will effectively fine shipowners for pollution from tankers. A study by the UN calculated that by 2008 annual emissions from the world’s merchant fleet had already reached 1.12 billion tonnes of CO2 – nearly 4.5 per cent of global emissions.
Shipowners are increasingly aware of the problem. Captain Wei Jiafu, chief executive of Chinese -owned shipping group Cosco, suggested at a recent conference that he was in favour of nuclear power on merchant ships.
‘As they are already on board submarines, why not cargo ships?’ he said before revealing that Cosco was in talks with national nuclear authorities to develop nuclear powered ships.
Source: This Is Money / Hellenic Shipping
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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
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